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* Gold Trend Charts (July 6) * (updated)

News

Challenge to Forex Traders 04 Jul 2008
We have  posted a PDF with all of last week's forex turns and the Daniel numbers that caused the turns. It is in Trading Reports and you can also view it here.
 
For the 30,000 members of the Forex Factory and other trading groups, I challenge you to find any other trading analysis that will find the forex turns with the precision and consistency of the Danielcode. For the cynics who say it can't be done, I have hundreds of members to verify that all the DC numbers which caused the turns were on the charts at least from before the US open last Monday, and many from weeks earlier.
 
When you have perused the forex charts ask yourself if your trading would have been improved by knowledge of these market numbers.
 
The Daniel number sequence is the most precise and consistent analytical tool available and the only truly new analytical tool in a generation. My challenge to you is to prove me wrong. Remember, these numbers were published to a discerning and critical audience of my members, days and weeks before they were elected by the markets as turns. That is the test; that it was done in advance of the market turns, not in hindsight.
4th July Holiday in US 03 Jul 2008

US markets close early today and are closed for the important US holiday tomorrow 4th July. I wish all my US clients and friends a happy holiday weekend. I suggest to all that you switch off your computers and have a complete break. Forex will trade on light volume so you will be just trading against the market makers. Save the money and spend it on beer. Always a good idea when markets are thin.

Thursday's Forex Charts 03 Jul 2008

Thursday's updates are being posted. Forex daily charts are first. I suggest that you peruse them even if you are not a forex trader, as you will see many examples of DC turns. Precision indeed. For our new members, I describe anything to the right of the decimal point as "ticks". This in forex is the same as pips. Old fashioned perhaps but I always thought pips came out of oranges!!

New trading article for Genesis 02 Jul 2008

A new trading article that I wrote for Genesis has been published in their "Perspective" Magazine. Click the link to open: The Perspective
 

Comex Silver 01 Jul 2008

Comex Silver has rolled. September is now the front month.

Genesis Forex Data for 30th 01 Jul 2008

Genesis forex data for 30th was missing from the EOD download. They have now fixed the problem and if you do another EOD download for Monday, the data will be corrected.

GENESIS 30 Jun 2008

A special welcome to clients from Genesis who are trialing the Danielcode. Please read the DC Trading Manual and FAQs carefully. If you have questions about the site and how it works email Tim at support@thedanielcode.com . If you have trading questions please email me at jneedham@thedanielcode.com

The early T.03 signals for today are cancelled as I have just realised today's data download from Genesis is corrupted (thanks Helen). In fact there are no forex daily bars for Monday 30th in the daily download. I will post the T.03 signals as soon as Genesis gives me a complete download.

 

Heresy!! 26 Jun 2008

Let me have your comments on the new "Heresy" article. I really enjoyed writing it and feel strongly about some of the issues raised. If you like the article, send it to your friends and try and get it posted anywhere you can. I suspect the world would be a better place if more people knew this stuff.

Thursday's T.03 Time Turns 26 Jun 2008

We had 5 T.03 signals for today. So far 4 have been elected and are looking GOOD. The 5th is getting there. Remember the simple way to trade these signals is to buy the high/sell the low of the previous day-that's the lazy way that I usually do it. If you want to get in earlier try using a 12 hour chart (720 minutes) and a fast stochastic, or just a reversal on the 720m. You need a fairly robust entry signal as a lot of the T.03 signals come off momentum moves and can take two days to trigger. Move your stops and take profits or at least get your stop to break even asap.

These are not particularly esoteric signals. Just a lazy way of making money!! Beats getting a real job. I like to feel that I am making a contribution to your P&L or paying your rent at least!

Thursday Update 25 Jun 2008

Thursday's chart updates are being delayed by data problems. They will be posted at about 11:00AM GMT or 05:00 US CST.

Time
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Server: Sun 04:49
GMT: Sun 11:49
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126 in past week
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